Workers’ compensation medical fee schedule rates in Illinois will increase 1.69 percent in 2013, according to the Illinois Workers’ Compensation Commission (IWCC). The IWCC said the hike is less than half the rate of medical inflation (CPI-M). The fee schedule …
Iowa’s top insurance regulator has approved a rate filing that increases workers’ compensation premium rates in that state beginning Jan. 1, 2013. Iowa Insurance Commissioner Susan Voss on Nov. 6 issued an order approving an Aug. 9 rate filing submitted …
Louisiana Citizens Property Insurance Corp.’s board is expected to approve increasing its commercial coverage rates by an average of 45.1 percent statewide this week. Almost all of Citizens’ roughly 5,700 commercial property policies are in the New Orleans area and …
The governing board for Florida’s state-backed Citizens Property Insurance Corp. has at least temporarily backed off a proposal to begin charging rates for new business next year at rates higher than allowed by law. Although existing Citizens policyholders are protected …
Even Missouri residents who lived nowhere near last year’s deadly tornadoes are writing bigger checks to insure their homes. The state Department of Insurance reports that premiums increased 5 percent between July 2011 and last month. The figure is based …
Homeowner insurance rate hikes filed in Texas by Allstate Insurance in December 2011 have passed muster with Texas insurance regulators. The company made a rate adjustment of 5.7 percent statewide for Allstate Texas Lloyds (ATL) policyholders effective for renewals processed …
Farmers Insurance will raise homeowner premiums by nearly 10 percent after Texas regulators declined to object to the increase. The Dallas Morning News reported that the rate hike, set for mid-March, will apply to about half of the Farmers Insurance …
Chubb Corporation said its commercial insurance renewal rates were up 6 percent in the 2011 fourth quarter, as the pace of renewal rate increases continues to accelerate. Chubb also said it secured renewal rate hikes in professional liability lines for …
Travelers Companies Inc.’s business insurance had renewal premium rate gains of 8 percent for the fourth quarter 2011 and 10 percent for December, said CEO Jay Fishman. He offered his remarks during the company earnings call held yesterday. Travelers has …
The Travelers Companies CEO Jay Fishman said at a financial conference yesterday that his company raised rates for business insurance customers by 5.2 percent in October, followed by 5.8 percent in November, according to a news report. The Wall Street …
